Ripple is partnering with Mastercard, WebBank, and Gemini to pilot the use of its RLUSD stablecoin for settling fiat credit card transactions on the XRP Ledger. Announced during the Swell 2025 event, this initiative could be a significant step in integrating regulated stablecoins into traditional finance. RLUSD, launched in December 2024, is a U.S. dollar-backed stablecoin that has already exceeded $1 billion in circulation and operates under a New York Trust Charter. In this pilot, WebBank plans to test settling Mastercard transactions using RLUSD on the XRP Ledger. If successful, this could be one of the first instances where a regulated U.S. bank employs a public blockchain and stablecoin for such settlements. The aim is to enhance the speed and efficiency of credit card transactions, which currently take one to three days to clear. With RLUSD, funds could potentially be transferred almost instantaneously. Mastercard views this project as part of its strategy to incorporate regulated digital assets into its global payment network. Both Ripple and Gemini previously collaborated on an "XRP edition" of the Gemini Credit Card, highlighting their ongoing relationship in the crypto space. The companies plan to begin onboarding RLUSD to the XRP Ledger soon, pending regulatory approvals.